Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Smart Organic AD

Market Cap: €190.5m

Produces and distributes organic food products in Bulgaria, the European Union, Asia, and the Americas.

Tchaikapharma High Quality Medicines AD

Market Cap: €901.5m

Develops, manufactures, and sells medicines in Bulgaria.

Onix Solar Energy

Market Cap: ₹14.6b

Engages in the trading of non-ferrous metals in India.

Cashmere Valley Bank

Market Cap: US$254.9m

A state chartered bank, provides banking products and services to small and middle-market businesses, and retail customers.

Grendene

Market Cap: R$4.5b

Engages in the development, production, distribution, and sale of plastic footwear for women, men, and children in Brazil and internationally.

Southern Michigan Bancorp

Market Cap: US$115.1m

Operates as the bank holding company for Southern Michigan Bank & Trust that provides a range of commercial banking services to individuals, businesses, institutions, and governmental agencies primarily in the southwest and south-central Michigan communities.

Epsilon Energy

Market Cap: US$142.9m

A North American onshore independent natural gas and oil company, engages in the acquisition, exploration, development, gathering, and production of natural oil and gas reserves.

Sound Financial Bancorp

Market Cap: US$112.3m

Operates as the bank holding company for Sound Community Bank that provides banking and other financial services for consumers and businesses.

ASA Gold and Precious Metals

Market Cap: US$1.2b

A publicly owned investment manager.

Itafos

Market Cap: CA$560.4m

Operates as a phosphate and specialty fertilizer company.

Procimmo Group

Market Cap: CHF 369.4m

A holding company, engages in the investment, management, and sale of real estate properties in Switzerland.

Hemlo Mining

Market Cap: CA$1.8b

Operates as a gold production company.

Affinity Bancshares

Market Cap: US$123.9m

Operates as the holding company for Affinity Bank that provides various banking products and services in Georgia.

Security Federal

Market Cap: US$106.1m

Operates as the bank holding company for Security Federal Bank that provides various banking products and services.

Union Bankshares

Market Cap: US$113.9m

Operates as the bank holding company for Union Bank that provides retail, commercial, and municipal banking products and services in the United States.

Seneca Foods

Market Cap: US$830.0m

Provides packaged fruits and vegetables in the United States and internationally.

Sociedad Matriz SAAM

Market Cap: CL$1.3t

Through its subsidiaries, provides tugboat services, air cargo logistics, and real estate rentals in South America, Central America, and North America.

La Positiva Seguros y Reaseguros

Market Cap: S/602.9m

Provides insurance and reinsurance products and services to individuals and business customers in Peru.

Industrias del Cobre Sociedad Anónima

Market Cap: S/833.7m

Engages in the manufacture and sale of wires, and electrical and telecommunication cables and conductors in Peru and internationally.

First Northern Community Bancorp

Market Cap: US$217.8m

Operates as the bank holding company for First Northern Bank of Dixon that provides commercial banking products and services to individuals, and small and medium sized businesses.

Franklin Financial Services

Market Cap: US$228.4m

Operates as the bank holding company for Farmers and Merchants Trust Company of Chambersburg that provides commercial, retail banking, and trust services to businesses, individuals, governmental entities in Pennsylvania.

Soma Gold

Market Cap: CA$234.8m

A natural resource company, engages in the acquisition, exploration, and development of mineral properties in Columbia.

Oxford Bank

Market Cap: US$105.5m

Operates as the holding company for Oxford Bank that provides various banking products and services to various customers in Michigan.

Morris State Bancshares

Market Cap: US$268.6m

Operates as the bank holding company for Morris Bank that provides various financial services to individuals and small businesses in Georgia.

Sparta

Market Cap: €141.9m

A publicly owned investment manager.

Kingstone Companies

Market Cap: US$219.7m

Through its subsidiary, Kingstone Insurance Company ("KICO"), provides property and casualty insurance products in the United States.

Oakworth Capital

Market Cap: US$190.8m

Operates as a bank holding company for Oakworth Capital Bank that provides range of banking services in the United States.

Liburnia Riviera Hoteli d.d

Market Cap: €151.3m

Provides accommodation and hospitality services in Croatia, Germany, Austria, Italy, Hungary, Slovenia, Ukraine, Czech, other European countries, and internationally.

Winchester Bancorp

Market Cap: US$106.0m

Focuses on operating as the bank holding company for Winchester Savings Bank, which provides banking products and services in Massachusetts.

First Bancorp

Market Cap: US$313.7m

Operates as the bank holding company for First National Bank that provides a range of banking products and services to individual and corporate customers.

Pure Cycle

Market Cap: US$279.0m

Provides water and wastewater services in the United States.

NameSilo Technologies

Market Cap: US$116.1m

Through its subsidiaries, provides domain name registration services in the United States, East and South Asia, South East Asia, Australasia, and internationally.

Sociedad Eléctrica del Sur Oeste

Market Cap: S/867.8m

Distributes electricity in Peru.

Ohashi Technica

Market Cap: JP¥28.9b

Develops, manufactures, and sells automotive parts and other components in Japan, the United States, China, Thailand, ASEAN, Europe, Taiwan, and internationally.

Tibet TourismLtd

Market Cap: CN¥3.7b

Engages in the tourism, attractions, services, and commerce business in China.